The expected approval of a 1-billion-euro disbursement to Athens by Friday's Eurogroup, after Wednesday's favorable European Commission report, secured further gains for the majority of stocks at Athinon Avenue, which was accompanied by the continuing decline of Greek bond yields. The stock benchmark climbed to its highest level in almost eight months, just short of 750 points.
The Greek bourse benchmark rose 1.96 percent over the month of March, taking the growth of the main index in the first quarter of the year to 17.62 percent.
The Athens Exchange (ATHEX) general index ended at 721.37 points on Friday, adding 1.08 percent to Thursday's 713.66 points. On a weekly basis it advanced 1.85 percent.
After five days of gains and the buying fatigue recorded late on Monday, stocks at Athinon Avenue recorded notable losses on Tuesday, bucking the trend seen on other eurozone markets, with turnover remaining low. The next couple of days will determine the direction of the market up to the end of the month.
Greece's Public Power Corp (PPC) on Friday received six expressions of interest in three coal-fired power plants it is selling under a post-bailout agreement with its international lenders.
PPC, which is 51 percent state owned, relaunched the sale last week after a previous tender failed to attract satisfactory bids last month.